MRC originated a $35MM A-Note collateralized by the leasehold interest in a fully-leased, two-building, 315,000 RSF Class A office portfolio in Short Hills, New Jersey
The previous owner invested nearly $5MM into the portfolio, renovating conference rooms, revamping the café, renovating the garage, and building a new fitness center
The portfolio benefits from its proximity to the Morris Turnpike and Interstates 78 and 287
The B-Note lender approach MRC to provide the financing due to the firm’s reputation for certainty of execution and growing lender-finance business